Should the Federal Reserve continue to support the housing market through its mortgage-purchase program beyond March 2010? That question stirred some contention at the most recent meeting of the Federal Open Market Committee, according to the minutes of that meeting… Continue Reading
Signaling confidence in a recovery, the Federal Reserve decided Wednesday to stretch out the pace of a program intended to lower mortgage rates and prop up the housing market. Even so, rates on home loans are expected to remain low.… Continue Reading
WASHINGTON — The Federal Reserve, in a move that could help break the logjam at the center of the credit crisis, has adopted a new strategy to permit some troubled borrowers to reduce the amount they owe and refinance into… Continue Reading
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